Summary: With questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. They encourage students to become "economic naturalists:" people who employ basic economic principles to explain what they observe in the world around them.

With questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. They encourage students to become "economic naturalists:" people who employ basic economic principles to explain what they observe in the world around them.